Accrual vs. Deferral

Accrualnoun

An increase; something that accumulates, especially an amount of money that periodically accumulates for a specific purpose

Accrualnoun

(accounting) from the creditor's viewpoint, a charge incurred in one accounting period that has not been, but is to be, paid by the end of it.

Accrualnoun

Accrument.

Accrualnoun

the act of accumulating

Accrual

Accrual (accumulation) of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting.

Deferralnoun

An act of deferring, a deferment.

Deferralnoun

An accrual.

Deferralnoun

A prepayment.

Deferralnoun

a state of abeyance or suspended business

Deferralnoun

act of putting off to a future time

Deferral

A deferral, in accrual accounting, is any account where the income or expense is not recognised until a future date (accounting period), e.g. annuities, charges, taxes, income, etc.